Leo Wealth LLC Has $311,000 Position in KKR & Co. Inc. $KKR

Leo Wealth LLC reduced its holdings in KKR & Co. Inc. (NYSE:KKR) by 22.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,341 shares of the asset manager’s stock after selling 662 shares during the period. Leo Wealth LLC’s holdings in KKR & Co. Inc. were worth $311,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of KKR. Brighton Jones LLC lifted its holdings in KKR & Co. Inc. by 109.6% in the fourth quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager’s stock valued at $689,000 after buying an additional 2,437 shares during the period. Bison Wealth LLC acquired a new position in KKR & Co. Inc. in the fourth quarter valued at approximately $218,000. SG Americas Securities LLC lifted its holdings in KKR & Co. Inc. by 318.3% in the first quarter. SG Americas Securities LLC now owns 28,117 shares of the asset manager’s stock valued at $3,251,000 after buying an additional 21,395 shares during the period. CX Institutional bought a new stake in KKR & Co. Inc. in the first quarter valued at approximately $159,000. Finally, Simon Quick Advisors LLC increased its stake in KKR & Co. Inc. by 123.6% in the first quarter. Simon Quick Advisors LLC now owns 6,299 shares of the asset manager’s stock valued at $728,000 after purchasing an additional 3,482 shares in the last quarter. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on KKR shares. HSBC downgraded shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and set a $142.00 target price for the company. in a research note on Wednesday, July 9th. Weiss Ratings downgraded shares of KKR & Co. Inc. from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday. Keefe, Bruyette & Woods upped their target price on shares of KKR & Co. Inc. from $155.00 to $162.00 and gave the company an “outperform” rating in a research note on Monday, August 4th. Barclays upped their target price on shares of KKR & Co. Inc. from $155.00 to $165.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. Finally, Evercore ISI upped their target price on shares of KKR & Co. Inc. from $130.00 to $150.00 and gave the company an “outperform” rating in a research note on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $157.40.

Insiders Place Their Bets

In related news, Chairman George R. Roberts sold 809,906 shares of the firm’s stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $144.25, for a total value of $116,828,940.50. Following the completion of the transaction, the chairman owned 81,361,978 shares of the company’s stock, valued at approximately $11,736,465,326.50. This trade represents a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Stock Down 5.0%

Shares of KKR stock opened at $117.88 on Friday. The firm has a fifty day moving average of $138.46 and a 200-day moving average of $128.50. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.77. KKR & Co. Inc. has a 12-month low of $86.15 and a 12-month high of $170.40. The company has a market capitalization of $105.03 billion, a price-to-earnings ratio of 54.83, a P/E/G ratio of 1.35 and a beta of 1.91.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings data on Thursday, July 31st. The asset manager reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.04. KKR & Co. Inc. had a net margin of 12.95% and a return on equity of 6.30%. The company had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the prior year, the firm earned $1.09 earnings per share. As a group, equities research analysts predict that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Monday, August 11th were given a $0.185 dividend. This represents a $0.74 dividend on an annualized basis and a yield of 0.6%. This is an increase from KKR & Co. Inc.’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Monday, August 11th. KKR & Co. Inc.’s payout ratio is 34.42%.

KKR & Co. Inc. Profile

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm’s business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.